Equities researchers at Numis Securities initiated coverage on shares of Jupiter Fund Management (LON:JUP) in a report issued on Thursday. The brokerage set a “hold” rating and a GBX 410 ($5.36) price target on the stock. Numis Securities’ target price would suggest a potential upside of 6.88% from the company’s current price.
JUP has been the topic of several other reports. Credit Suisse Group dropped their price target on Jupiter Fund Management from GBX 445 ($5.81) to GBX 410 ($5.36) and set an “underperform” rating on the stock in a research report on Thursday, August 9th. Jefferies Financial Group dropped their price target on Jupiter Fund Management from GBX 498 ($6.51) to GBX 480 ($6.27) and set a “hold” rating on the stock in a research report on Monday, July 23rd. Citigroup reaffirmed a “sell” rating on shares of Jupiter Fund Management in a research report on Monday, July 30th. Shore Capital reaffirmed a “hold” rating on shares of Jupiter Fund Management in a research report on Friday, July 27th. Finally, UBS Group dropped their price target on Jupiter Fund Management from GBX 415 ($5.42) to GBX 380 ($4.97) and set a “sell” rating on the stock in a research report on Thursday, August 9th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 494 ($6.45).
JUP traded down GBX 4.70 ($0.06) on Thursday, hitting GBX 383.60 ($5.01). The company had a trading volume of 1,751,401 shares, compared to its average volume of 2,620,000. Jupiter Fund Management has a 1-year low of GBX 416 ($5.44) and a 1-year high of GBX 638.80 ($8.35).
Jupiter Fund Management (LON:JUP) last posted its earnings results on Friday, July 27th. The company reported GBX 17.10 ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 17.20 ($0.22) by GBX (0.10) ($0.00). Jupiter Fund Management had a return on equity of 25.18% and a net margin of 34.27%.
About Jupiter Fund Management
Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.
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